Politician proposes selling state-owned sports clubs to pay off Egypt’s debts ...Egypt

EGYPT INDEPENDENT - Economy
Politician proposes selling state-owned sports clubs to pay off Egypt’s debts
source : EGYPT INDEPENDENT ( Egypt ) () 27
The representative of the Free Egyptians Party at the National Dialogue, Mohamed Khalil Badra, proposed selling state-owned assets such as the Al-Ahly and Zamalek sporting clubs or the National Bank of Egypt and Banque Misr to pay off Egypt’s debts, the Al Shorouk newspaper reported. Badra explained that controlling the rise in debt rates requires including all public funds and economic bodies within the state budget – which number more than 7,000 funds and bodies – thereby increasing revenues and reducing the budget deficit. Tax revenues must be increased through achieving financial inclusion, reducing cash transactions, and setting a ceiling on public debt similar to developed countries, h

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